National income bingo

Exercise and reference answers

Clues and terms

1. Clue

   Good that reaches its ultimate user.

   Item

   Final good

2. Clue

   Good used up as an input by a firm.

   Item

   Intermediate

3. Clue

   Final good used to produce other goods.

   Item

   Capital good

4. Clue

   Final goods bought to be used up.

   Item

   Consumption

5. Clue

   Wearing out of capital over the year.

   Item

   Depreciation

6. Clue

   Gross value added less depreciation.

   Item

   Net value

7. Clue

   Measuring output good by good.

   Item

   Product method

8. Clue

   Measuring by adding factor incomes.

   Item

   Income method

9. Clue

   Price index built out of GDP figures.

   Item

   GDP deflator

Instructions

Read each clue and tap the term it describes.

Explanation